New Issue-Telephone & Data Systems $300 mln notes

Mon Mar 21, 2011 4:39pm EDT

  March 21 (Reuters) - Telephone & Data Systems Inc (TDS.N)
on Monday sold $300 million of senior unsecured notes, said
IFR, a Thomson Reuters service.
  The size of the deal was increased from an originally
planned $100 million.
  Bank of America Merrill Lynch, Citi, UBS and Wells Fargo
Securities were the joint bookrunning managers for the sale.
BORROWER: TELEPHONE & DATA SYSTEMS INC
AMT $300 MLN      COUPON 7.00 PCT     MATURITY 3/15/2060 
TYPE SR NTS       PAR PRICE 25.0      FIRST PAY 6/15/2011
MOODY'S Baa2      SHARES 12 MLN       SETTLEMENT 3/28/2011
S&P BBB-MINUS     SPREAD N/A          PAY FREQ QUARTERLY 
FITCH TRIPLE-B                        NON-CALLABLE 5 YRS 

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